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Value of EIB local weather finance to Tajikistan will increase – EQ

Value of EIB local weather finance to Tajikistan will increase – EQ


In Short : The value of European Investment Bank (EIB) local weather finance to Tajikistan has increased, signifying a significant step towards tackling climate change in the region. This boost in funding will enable Tajikistan to implement sustainable initiatives, develop clean energy solutions, and enhance climate resilience. The EIB’s continued support will play a vital role in addressing climate challenges, fostering green development, and promoting environmental sustainability in Tajikistan, contributing to a more sustainable and climate-resilient future for the country.

In Detail : DUSHANBE, Tajikistan : The European Investment Bank (EIB) offered $210 million in local weather finance to Tajikistan in 2022, Trend studies.

Data from EIB information reveals that the financing elevated by 40 p.c in comparison with 2021, when the financial institution offered local weather finance of $150 million to Tajikistan.

Over the interval from 2015 to 2022, the EIB’s whole local weather finance dedication to Tajikistan amounted to $1.297 billion, with various annual allocations, together with $149 million in 2015, $34 million in 2016, $232 million in 2017, $192 million in 2018, $116 million in 2019, and $214 million in 2020.

Climate finance performs an important position in serving to international locations and corporations implement tasks that contribute to preserving the setting and curbing international warming.

As beforehand talked about by a supply on the financial institution, in Tajikistan, just like different international locations in Central Asia, the EIB’s operations align with EU priorities, specializing in the help of sustainable connectivity and the transition in direction of a sustainable, climate-neutral progress mannequin.

In the Central Asian area, the EIB’s help for local weather motion primarily targets financing inexperienced infrastructure tasks, together with power effectivity, renewable power, power transmission, water provide, sanitation, and bettering entry to finance for native SMEs.

Anand Gupta Editor - EQ Int'l Media Network